S&P: Morocco unchanged

Standard & Poor's said that Morocco's (BBB-/stable/A-3) creditworthiness is unchanged following King Mohammed VI's March 9 announcement regarding constitutional reform.

S&P said the announced reforms will enhance political stability in Morocco and demonstrate policymakers' ability to act proactively to strengthen the social contract.

The proposed constitution would strengthen parliament and political parties, the agency added.

The ratings on Morocco are supported by the government's commitment to long-term macroeconomic stability, a strong external position and its overall track record of prudent fiscal management, the agency said.

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